 "The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.")
Subhash Ramjag Chourasiya booked a flat with Sai Krupa Builders. The agreement to sell was registered on August 2, 2007. According to the agreement, the total consideration payable was Rs 7,50,000. The date of possession was left blank, but Chourasiya stated that he was told the flat would be ready within 18 months, with a further grace period of three months.
Chourasiya claimed he paid Rs 6 lakh through cheques and Rs 45,000 in cash. The builder admitted receiving the cheque payments but denied receiving any cash payment. The balance amount was payable at the time of possession.
The assured
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